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Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.

Honda Accord Coupe concept

Despite the Honda Coupe's 'concept' designation, this car essentially previews the ninth-generation model set to go on sale later this year. Proportionally the new car is an evolution of the outgoing model, with a slim side profile and elongated tail. Its lamp, grille and window graphics also build on the existing themes but have been refined to add more balance and definition to the car's detailing.

Ford shows Edge Concept

Ford took the wraps of the Edge Concept at the LA Auto Show, and the company says the crossover offers strong hints at the next-generation production Edge. The big news is a sleeker shape, front and rear LED lights, better fuel economy and technology that includes self parking and obstacle avoidance. The self parking is a prototype technology using sensors that allow the Edge to be parked at the touch of a button, or remotely.